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SpaceX stock price falls below $140, FAA approves Starship launch

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Crypto news: After the U.S. Federal Aviation Administration (FAA) completed its review of the Starship Flight 12 accident and approved the next launch, SpaceX’s stock price fell below $140, with the latest trading price at about $139, down roughly 4% on the day. Over the past five trading days, the stock has dropped by more than 12%. The FAA confirmed that its investigation into the Flight 12 accident has concluded, stating there were no reports of public injuries or property damage during the incident, and it accepted the corrective actions proposed by SpaceX. With the review completed, the FAA said the company can proceed with preparations for Starship Flight 13. Although SpaceX joined the Nasdaq 100 index last week—typically bringing additional demand—the stock price has continued to decline. Analysts at Morgan Stanley, Goldman Sachs, and Citigroup have all given SpaceX stock buy ratings, while Raymond James set a target price of $800, implying potential upside of more than 400%.
SPCX-4.26%
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L2Mailman
· 5h ago
The Nasdaq 100 can’t even move, and retail investors’ confidence is even more fragile than rocket fuel.
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LateBlockLarry
· 5h ago
The 13th is set to move forward; the $800 target price looks like wishful thinking—let’s get past $200 first, then we’ll see.
View OriginalReply0
RecedingTideAfterTheRain
· 5h ago
The FAA has given clearance, but the stock price is down 4%. Is the market “voting with its feet”?
View OriginalReply0

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